All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nov 18 2021 // Willis Towers Watson PLC, which has been under pressure from activist investor Elliott Management, appointed four new directors on Thursday as it looks to turn around its business following a botched merger with rival Aon...
Nov 18 2021 // Bernstein brings 24 years of wholesale insurance expertise to his new positionSHERMAN OAKS, CA – November 9, 2021: Western Security Surplus Insurance Brokers (WSS), an XPT Partners company, is pleased to announce the...
Nov 17 2021 // When Lou Levinson became president and CEO of Lexington Insurance in late 2018, he knew the company needed a change. He believed that Lexington should be a wholesale focused distribution channel and that the company should...
Nov 17 2021 // This edition of International People Moves covers appointments at Sompo International, AXA XL and OneGlobal Broking.A summary of these new hires follows here. Sompo Int’l Appoints QBE’s Reid as Head of...
Nov 17 2021 // BURBANK, Calif., November 17, 2021 — Monarch E&S Insurance Services, a division of Specialty Program Group / SPG Insurance Solutions in CA, (Monarch E&S) announced that Devon Borisoff has been promoted to...
Nov 15 2021 // Canopius Group, a global specialty (re)insurer, announced an agreement with Samsung Fire and Marine Insurance (SFMI), its substantial minority shareholder and business partner, to underwrite U.S. admitted business on its...
Nov 15 2021 // The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span.According...
Nov 15 2021 // A. M. Best Co. used the word stable to describe the current excess & surplus (E&S) market, which has made a turn for the better since 2020. The ratings company upgraded the market’s outlook from a negative...
Nov 15 2021 // For brokers and agents to navigate the market successfully, Brent Winans, vice president of Clear Advantage Risk Management, said it takes plenty of information, and a lot more diligence. “In a soft market, everybody...
Nov 15 2021 // Young professionals in the surplus lines industry call the excess and surplus lines (E&S) sector the best kept secret when it comes to a career choice. It’s an industry that provides eager young talent with...
Nov 15 2021 // Insurance rates are rising, capacity is shrinking, and carriers are tightening their underwriting requirements. As a result, agents must work harder and harder to find insurance coverage that meets the needs of their...
Nov 12 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded in Germany, opening a new office in Frankfurt. The company already has offices in Cologne and Munich.“BHSI is committed to building long-term...
Nov 12 2021 // Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021.HDI Global SE will then hold 100% of the shares. Financial details of...
Nov 12 2021 // Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio.This transaction includes Argo’s shared and layered...
Nov 10 2021 // Venbrook Group, an independent insurance distribution and services firm, has acquired Alpharetta Underwriters, a specialty managing general agent that offers excess and surplus coverage for the construction...
Nov 10 2021 // MNK Re Ltd., the London-headquartered Lloyd’s specialist broker, is launching MNK Re UK Specialty Ltd., to focus on UK wholesale and retail business.This new business will build out a wider category of risk...
Nov 9 2021 // Xenia Broking Group Ltd. reports it has has acquired the trade credit and financial and specialty risk teams from specialist Lloyd’s insurance broker Parker Norfolk & Partners Ltd.The deal signals Xenia’s...
Nov 8 2021 // Pancoast to Head Ironshore’s E&S Primary CasualtyAdam Pancoast has been named to lead the excess and surplus Primary Casualty business of Ironshore, a Liberty Mutual company. As national manager, E&S...
Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland).A summary of these new hires follows here Chaucer...
Nov 2 2021 // Jenna Koch joined the environmental and construction professional (ECP) practice of RT Specialty as an account administrator.In this role, she is responsible for helping the team’s senior executives manage the...